Yamaha Motor India’s sales performance in November 2025 paints a mixed picture of resilience and challenges. The company sold a total of 42,025 units, marking a 24.66% year-on-year decline compared to 55,781 units in November 2024, and a 38.54% month-on-month decline from October 2025’s 68,375 units. While overall numbers dipped, one model stood out as a bright spot: the RayZR 125 scooter, which dominated Yamaha’s portfolio with more than half of total sales.
RayZR 125: The Star Performer
The RayZR 125 emerged as Yamaha’s best-seller, contributing 21,049 units—a staggering 50.09% of total sales. It was also the only model to register positive growth on a year-on-year basis, with a 45.89% increase compared to November 2024. However, even the RayZR wasn’t immune to seasonal slowdowns, recording a 7.43% decline month-on-month from October 2025.
This performance underscores the scooter’s growing popularity among urban commuters, who value its blend of sporty styling, fuel efficiency, and practicality.
FZ Lineup: Once Strong, Now Struggling
The FZ series, historically a cornerstone of Yamaha’s motorcycle sales, faced steep declines. With 6,478 units sold, the lineup saw a 55.03% year-on-year drop and a 60.14% month-on-month decline. The FZ’s struggles highlight shifting consumer preferences, as buyers increasingly lean toward scooters for daily commuting needs.
R15 and MT-15: Enthusiast Favorites Under Pressure
The R15, Yamaha’s sporty 150cc motorcycle, sold 5,295 units, reflecting a 41.45% YoY decline and a 52.91% MoM drop. Similarly, the MT-15 recorded 4,275 units, down 47.56% YoY and 54.41% MoM. These declines suggest that while performance-oriented bikes remain aspirational, demand has softened amid economic pressures and rising competition.
Fascino and Aerox: Niche Players
- Fascino 125: Sold 3,211 units, down 44.36% YoY and 52.27% MoM.
- Aerox 155: Managed 1,717 units, down 41.68% YoY and 53.05% MoM.
Both models cater to niche audiences—Fascino with its retro styling and Aerox with its sporty scooter appeal—but neither could offset broader declines.
Sales Snapshot
| Model | Units Sold (Nov 2025) | YoY Change | MoM Change | Share of Total |
|---|---|---|---|---|
| RayZR 125 | 21,049 | +45.89% | -7.43% | 50.09% |
| FZ Series | 6,478 | -55.03% | -60.14% | 15.41% |
| R15 | 5,295 | -41.45% | -52.91% | 12.61% |
| MT-15 | 4,275 | -47.56% | -54.41% | 10.17% |
| Fascino 125 | 3,211 | -44.36% | -52.27% | 7.64% |
| Aerox 155 | 1,717 | -41.68% | -53.05% | 4.08% |
Why Sales Declined
Several factors contributed to Yamaha’s November slump:
- Seasonal Demand: Post-festive months typically see weaker sales.
- Economic Pressures: Rising costs and cautious consumer spending impacted premium motorcycle demand.
- Competition: Rivals in both scooter and motorcycle segments intensified their offerings.
The Road Ahead
Despite the declines, Yamaha’s strong showing with the RayZR 125 offers hope. Scooters are increasingly becoming the backbone of urban mobility in India, and Yamaha’s success in this segment could guide future strategy. Expanding scooter offerings, enhancing affordability, and leveraging brand appeal in performance bikes may help Yamaha regain momentum.
Final Thoughts
The November 2025 sales breakup highlights Yamaha’s shifting dynamics in India. While traditional motorcycle favorites like the FZ, R15, and MT-15 struggled, the RayZR 125 scooter emerged as the hero, capturing half of total sales and proving that scooters are the future of Yamaha’s growth in India.
As the company navigates challenges, its ability to balance performance heritage with commuter-friendly innovation will determine how well it adapts to India’s evolving two-wheeler market.